News for hackers. Stuff that matters.

A comment on Guiding a Venture-Backed Startup to a Felony. Parent comment

Re:Guiding a Venture-Backed Startup to a Felony by tamana on Saturday August 20, 2016 @05:07PM (#12328314)
The word "limited liability" refers to the fact that the owners are liability only for an amount up to their investment, within the scope of the corporation. The limit refers to the investment, not the fact that criminal activity is still legal exposure. Obviously an owner cannot sign away liability for individual criminal activity, same as with any corporation.
[ Parent | on HN ]
Re:Guiding a Venture-Backed Startup to a Felony by will_brown on Saturday August 20, 2016 @07:57PM (#12328846)
And while you have stated the rule, what people don't understand is the exceptions in which members/owners of LLCs can in fact be personally liable above and beyond their investment in the entity.
[ Parent | on HN ]